The bar chart illustrates how average house price changed in 5 various city in 5 different countries in two 5-year period of time between 1990 to 1995 and 1996 to 2002 , in comparison with the average house price in 19989.
Overall, what is clear from the chart is that 4 cities had noticeable increase, However, Frankfurt in Germany decreased.
On one hand, New York city and London were 5% lower than average in 1990 to 1996, whereas in the same time Frankfurt was 3 percent higher than average. In contrast, New York and London rose to 5% and 12 % respectively in second period. While surprisingly Frankfurt in Germany decreased house price to 1% in the similar time.
On the other hand, Madrid and Tokyo had less change. In the first period Madrid had 2 % higher than house price in 1989 and climbed up to 4% in 1996 to 2002 . In addition, Tokyo had one of the lower price around -7% in 1990 to 1996 but the rate of it was decrease to 5 % in the end.